Sara needs to study for her math test tomorrow. Her friend Judy texted and asked her to come hang out at Mountain Park Park. If Sara goes with Judy, which of the following is an opportunity cost?
Economics - Progress Assessment 2 Study Guide

Quiz
•
Social Studies
•
3rd Grade
•
Medium
T Sanders
Used 1+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Her friends will give her a hard time for not coming.
Sara's ability to improve on activities at the park.
Sara's lack of support from her friends.
Sara's score on her math test.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A consumer is someone who ---
gets money from a bank
works at a job
provides a service
buys goods and services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The government uses taxes to
stop building schools and roads
provide services to citizens.
keep citizens from having fun
take away our rights.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ---- paid for by the government using taxes.
clothing store
police officer
barber shop
grocery store worker
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Food in restaurants like Chipotle and Subway are allocated, or distributed, using _____________.
lottery
consumers
price
taxes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mrs. Sanders wants to buy Starbucks Coffee and Dunkin Donuts. She only has enough money for one. Mrs. Sanders buys the Starbucks Coffee. What is the opportunity cost?
Starbucks Coffee
The money she spent
Dunkin Donuts
The lunch she bought at the mall
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Countries create currency so ----
people can become wealthy.
people can barter for the goods that they want.
people can buy goods and services.
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trade with other countries important because
it gives customers more choices.
it helps entrepreneurs take risks.
it protects the environment from pollution.
it makes shopping harder.
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mrs. Sanders had a pen, but she wanted a pencil. Mr. Walker had a pencil, but wanted a pen. They voluntarily exchanged the pen and pencil with each other. Who benefitted from this exchange?
Only Mrs. Sanders
Only Mr. Walker
Both Mrs. Sanders & Mr. Walker
Neither Mrs. Sanders or Mr. Walker
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